Mon, 13 Oct 2025 | BUSINESS SALE
Acquisitive private equity-backed accountancy group Cooper Parry has completed its latest acquisition, with a deal for Aberdeen-based firm Hutcheon Mearns. The deal is Cooper Parry’s sixth acquisition since it partnered with New York-based Lee Equity Partners earlier this year and 18th since 2023.
The acquisition of Hutcheon Mearns takes Cooper Parry’s pro forma turnover past the £250 million point, with the group seeking to achieve pro forma turnover of £600 million by 2028 and £1 billion by 2030. The acquisition comes just a couple of weeks after Cooper Parry acquired Reading-based cybersecurity specialist URM Consulting Services Limited.
Hutcheon Mearns, which was founded in Aberdeen in 2015, helps companies to build strong finance teams, implement focused growth strategies and solve complex finance problems. The firm has offices across Scotland and in London and provides services across a diverse range of key sectors, including manufacturing, technology, energy, professional services, food and drink and real estate.
Cooper Parry Chief Executive said that the group currently has “such pace and energy in Scotland”, adding that Hutcheon Mearns managing directors Craig Hutcheon and Adam Maitland (pictured above) had built a “people-first footprint” that Cooper Parry will seek to rollout across the UK.
Hutcheon Mearns co-founder and Managing Director Craig Hutcheon said: "Right from our initial chat with Ade and his team it was clear that there was an instant connection in culture, spirit and values. We're both people first, fearless and 'go all in' businesses. And we're excited to move into the next stage of our journey together, aligned to challenge the norms of the traditional accounting sector."
Fellow Managing Director Adam Maitland added: "We couldn't be more excited to join a like minded business, bring an enhanced suite of services to the market and be a key part of the Scottish growth story for CP."
Find out how accountancy firms are using M&A to broaden their service offering amid shifting client expectations
This Oxfordshire-based practice offers a stable and high-quality client base, with a significant proportion of the portfolio comprising limited companies and consistent monthly cashflow from standing orders.
This South West-based practice, available for the first time, offers a strong-quality client base predominantly consisting of limited companies, with average annual fees surpassing £3,000.
This South East UK-based practice, presents a remarkable opportunity to acquire a well-established business with long-standing client and staff relationships, promising continuity and stability.
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